EXPABEL
BankruptcyFinancials · financial year 2022, micro format
Equity
€517,112▲ 4.1%
2021 · €496,768
Total assets
€577,303=
2021 · €577,519
Net result
€20,344▼ 79.6%
2021 · €99,663
Working capital
€517,112▲ 4.9%
2021 · €492,767
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result turns negative in 2022: a loss of €1,105 after €107,256 in 2021, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€1,105
2022
Net result€20,344
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€577,303
2022
Equity€517,112
2022
Debt€60,191
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€517,112
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€35,010-€3,110▼ 91.1%€47,035▲ 1,412%€107,256▲ 128%-€1,105
Net result€41,702-€21,277▼ 49.0%€61,898▲ 191%€99,663▲ 61.0%€20,344▼ 79.6%
Equity€313,930-€335,207▲ 6.8%€397,105▲ 18.5%€496,768▲ 25.1%€517,112▲ 4.1%
Total assets€375,951-€399,690▲ 6.3%€462,134▲ 15.6%€577,519▲ 25.0%€577,303=
Debt€62,021-€64,483▲ 4.0%€65,029▲ 0.8%€80,751▲ 24.2%€60,191▼ 25.5%
Working capital€307,101-€330,979▲ 7.8%€392,229▲ 18.5%€492,767▲ 25.6%€517,112▲ 4.9%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €577,303
Equity
€517,112 ▲ 4.1%
Debt
€60,191 ▼ 25.5%
Debt's share of the balance-sheet total falls from 14.0% to 10.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4,482▼
2021 · €112,843
Cash flow
€25,931▼
2021 · €105,250
Current ratio
9.59▲
2021 · 7.22
Debt to equity
0.12▼
2021 · 0.16
ROE
3.9%▼
2021 · 20.1%
ROA
3.5%▼
2021 · 17.3%
Interest coverage
10.72▼
2021 · over 100
Debt ≤ 1 year
€60,191▼
2021 · €79,165
Income taxes
€14,144▼
2021 · €36,500
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,587 | €5,587 | €5,587 | €5,587 | €5,587 | = |
| Other operating charges640/8 | - | - | - | €533 | €287 | ▼ 46.2% |
| Non-recurring operating charges66A | - | - | - | €120 | €235 | ▲ 95.8% |
| Gross operating margin9900 | €44,188 | €9,407 | €55,627 | €113,496 | €5,004 | ▼ 95.6% |
| Operating profit (loss)9901 | €35,010 | €3,110 | €47,035 | €107,256 | -€1,105 | - |
| Financial income75/76B | - | - | - | €29,653 | €36,011 | ▲ 21.4% |
| Recurring financial income75 | €28,215 | €30,828 | €40,206 | €29,653 | €36,011 | ▲ 21.4% |
| Financial charges65/66B | - | - | - | €746 | €418 | ▼ 44.0% |
| Recurring financial charges65 | €1,469 | €1,776 | €1,640 | €746 | €418 | ▼ 44.0% |
| Profit (loss) for the period before taxes9903 | €61,756 | €32,162 | €85,601 | €136,163 | €34,488 | ▼ 74.7% |
| Income taxes67/77 | €20,054 | €10,885 | €23,703 | €36,500 | €14,144 | ▼ 61.2% |
| Profit (loss) for the period9904 | €41,702 | €21,277 | €61,898 | €99,663 | €20,344 | ▼ 79.6% |
| Profit (loss) for the period to be appropriated9905 | €41,702 | €21,277 | €61,898 | €99,663 | €20,344 | ▼ 79.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €375,951 | €399,690 | €462,134 | €577,519 | €577,303 | = |
| Fixed assets21/28 | €22,348 | €16,761 | €11,174 | €5,587 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €22,348 | €16,761 | €11,174 | €5,587 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €5,587 | €0 | ▼ 100% |
| Current assets29/58 | €353,603 | €382,929 | €450,960 | €571,932 | €577,303 | ▲ 0.9% |
| Amounts receivable within one year40/41 | €353,596 | €382,922 | €445,685 | €496,967 | €549,587 | ▲ 10.6% |
| Other amounts receivable41 | - | - | - | €496,967 | €549,587 | ▲ 10.6% |
| Current investments50/53 | €7 | €7 | - | - | - | - |
| Cash at bank and in hand54/58 | - | - | €4,571 | €74,856 | €27,716 | ▼ 63.0% |
| Deferred charges and accrued income490/1 | - | - | - | €109 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €375,951 | €399,690 | €462,134 | €577,519 | €577,303 | = |
| Equity10/15 | €313,930 | €335,207 | €397,105 | €496,768 | €517,112 | ▲ 4.1% |
| Contributions10/11 | €6,197 | €6,197 | - | €6,197 | €6,197 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €305,873 | €327,150 | €389,048 | €488,711 | €509,055 | ▲ 4.2% |
| Amounts payable17/49 | €62,021 | €64,483 | €65,029 | €80,751 | €60,191 | ▼ 25.5% |
| Amounts payable after more than one year17 | €15,519 | €10,942 | €6,298 | €1,586 | - | - |
| Financial debts170/4 | - | - | - | €1,586 | - | - |
| Amounts payable within one year42/48 | €46,502 | €51,950 | €58,731 | €79,165 | €60,191 | ▼ 24.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,712 | €1,586 | ▼ 66.3% |
| Trade debts44 | €7,207 | €8,505 | €8,609 | €5,986 | €604 | ▼ 89.9% |
| Suppliers440/4 | - | - | - | €5,986 | €604 | ▼ 89.9% |
| Taxes, remuneration and social security45 | - | - | - | €68,467 | €58,001 | ▼ 15.3% |
| Taxes450/3 | - | - | - | €68,467 | €58,001 | ▼ 15.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,702 | €21,277 | €61,898 | €99,663 | €20,344 | ▼ 79.6% |
| + Depreciation and write-downs630 | €5,587 | €5,587 | €5,587 | €5,587 | €5,587 | = |
| Operating cash flow (approximation) | €47,289 | €26,864 | €67,485 | €105,250 | €25,931 | ▼ 75.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | - | - | €70,285 | -€47,140 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | micro format | 29-06-2023 | 2023-00173457 |
| 31-12-2021 | micro format | 02-11-2022 | 2022-20481226 |
| 31-12-2020 | micro format | 13-12-2021 | 2021-80100087 |
| 31-12-2019 | micro format | 27-10-2020 | 2020-63800597 |
| 31-12-2018 | micro format | 30-09-2019 | 2019-68600200 |
| 31-12-2017 | micro format | 29-08-2018 | 2018-53900515 |
| 31-12-2016 | micro format | 28-09-2017 | 2017-64100401 |
| 31-12-2015 | full format | 04-01-2017 | 2017-00300057 |
| 31-12-2014 | full format | 26-08-2015 | 2015-49300395 |
| 31-12-2013 | full format | 26-11-2014 | 2014-67700154 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.